Companies will be able to rent office space at Dublin's Digital Hub beyond June 2022, following an agreement between the Digital Hub Development Agency (DHDA) has agreed with the Department of the Environment, Climate and Communications.
The DHDA has offered space in Dublin’s Liberties area to high-growth technology and IT companies since 2003.
However in April the department announced that it would dissolve the agency next year, transferring its land to the Land Development Agency.
At the time the 31 companies based there were given until June 2022 to find new accommodation.
However the department has now agreed to an orderly wind down of the hub, meaning companies can remain there beyond that deadline.
The DHDA also said that flexible leases would remain available to new tenants in the coming months.
"I am delighted to announce this extension, which means that we can continue to support our companies and entrepreneurs in developing solutions to solve societal challenges," said DHDA CEO Fiach Mac Conghail. "Our tenant companies have certainty, and we can attract new companies across all sectors to our campus."
The new agreement means that the hub will continue to operate while the LDA develops a plan for the area.
"This is a sensible approach that will ensure space isn’t lying vacant whilst the long-term masterplan for the future of the site is developed," said Mr Mac Conghail.
The DHDA said the agreement also meant it would be able to continue its community and social programmes beyond the previous June 2022 deadline.
""The Government remains committed to the regeneration of the Liberties area of Dublin and this arrangement will assist the LDA to deliver a transformative project for the area that is supportive of the Government’s Housing for All strategy," said Minister for Environment, Climate and Communications, Eamon Ryan.
"This extension is part of the ongoing plans for an orderly winddown of the DHDA, pending a major redevelopment by the LDA that is envisaged will take a number of years to plan and implement."
